Analysing the governance, risk and compliance (GRC) implementation process: primary insights
Year: 2013
Type: conference-paper
Abstract: Governance, Risk and Compliance (GRC) as an integrated concept has gained great interest recently\namong researchers in the Information Systems (IS) field. The need for more effective and efficient\nbusiness processes in the area of financial controls drives enterprises to successfully implement GRC\nsystems as an overall goal when they are striving for enterprise value of their integrated systems. The\nGRC implementation process is a significant parameter influencing the success of operational\nperformance and financial governance and supports the practices for competitive advantage within the\norganisations. However, GRC literature is limited regarding the analysis of their implementation and\nadoption success. Therefore, there is a need for further research and contribution in the area of GRC\nsystems and more specifically their implementation process. The research at hand recognizes GRC as a\nfundamental business requirement and focuses on the need to analyse the implementation process of\nsuch enterprise solutions. The research includes theoretical and empirical investigation of the GRC\nimplementation within an enterprise and develops a framework for the analysis of the GRC adoption.\nThe approach suggests that the three success factors (integration, optimisation, information) influence\nthe adoption of the GRC and more specifically their implementation process. The proposed framework\nfollowed a case study approach to confirm its functionality and is evaluated through interviews with\nstakeholders involved in GRC implementations. Furthermore, it can be used by the organisations when\nconsidering the adoption of GRC solutions and can also suggest a tool for researchers to analyse and\nexplain further the GRC implementation process.
Institutions: Imperial College London, Brunel University of London
Language: English
Subfield: Management Information Systems
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1917297219